Income Tax Bill 2025 offers relief to Housing, Manufacturing & Agri co-ops
Union Finance Minister Nirmala Sitharaman tabled the Income Tax Bill, 2025 in the Lok Sabha on Thursday, introducing significant changes ...
Tag: income tax
Unified Tax Structure for Corporate & Cooperative Sector: Shah
Union Home and Cooperation Minister Amit Shah stated that the Ministry of Cooperation, in collaboration with the Ministry of Finance, ...
Credit Cooperatives eligible for 80P deductions: ITAT
In a landmark ruling, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld that cooperative credit societies are ...
No plan to offer incentive to more MSC co-ops in Odisha
Union Home and Cooperation Minister Amit Shah said that there is no plan to offer any special incentive to encourage ...
Shah lists IT reliefs offered to cooperatives in Lok Sabha
The Government of India has introduced several measures to provide tax relief to cooperative societies, aligning with the vision of ...
Was expecting IT relief for co-ops; more reactions pour in
Besides the leaders of the cooperative sector, several grassroots co-operators have also reacted to the Union Budget. Here, we present ...
Indian government exempts dairy co-ops from income tax
By Anca Voinea The government of India has adopted a series of support measures to boost the country’s co-operative dairy sector. ...
UCBs run by co-op societies exempted from Income Tax
In an interesting interpretation of Law, the Madras High Court has ruled that when an urban co-op bank is run ...
VAMNICOM gives Online Training to CAs & Auditors; CRCS attends
Vaikunth Mehta National Institute of Cooperative Management (VAMNICOM), Pune, in collaboration with the Ministry of Cooperation, Government of India, successfully ...
TN UCB Fed demands inclusion of more members to NAFCUB
Many of the delegates who came to attend the 47th Annual General Meeting of the apex body of UCBs-Nafcub have ...
Shah lists initiatives offering relief to co-op societies in Lok Sabha
In a written reply to a question in the Lok Sabha Minister of Cooperation, Amit Shah listed the benefits accruing ...
Grant-in-aid to NCDC for Strengthening Co-op Sugar Mills
“Ministry of Cooperation has launched a new central sector scheme named ‘Grant-in-aid to NCDC for Strengthening Cooperative Sugar Mills’ for ...
Income earned on FDs from co-op bank taxable
The Pune bench of Income Tax Appellate Tribunal has held that interest income earned on fixed deposits with the cooperative ...
IT raid on co-op banks reveals bogus expenditure of Rs 1000cr
The Income Tax Department's recent Search operations carried out against some cooperative banks, in Karnataka, have revealed the routing of ...
CBDT gives IT relief to dairy co-ops; PACS & Credit Co-ops left out
Giving a big relief to cooperatives involved in dairy business, the Central Board of Direct Taxes (CBDT) has exempted them ...
